More great news from GlobalFoundries!

New Yorkers and Malta residents alike, finally, our investment in the global nano-chip business is starting to reap dividends!

According to Larry Rulison, Business writer for the Times Union, GlobalFoundries Fab 8, the $4.6 billion computer chip factory under construction at the Luther Forest Technology Campus, has started making its first chips. GlobalFoundries had said it would start running its first “silicon” in early 2012, referring to the 12-inch silicon wafers on which the microprocessors are produced. But Monday, GlobalFoundries said it had “recently” started making chips for research and manufacturing partner IBM Corp., confirming that the first chips already are being produced — at least in small volumes. It typically takes about 10 weeks for a batch of wafers to be completed.